The S&P 500 increased on Friday as traders attempted to cap off a wild month of trading on a positive note while evaluating important inflation data that the Federal Reserve was keenly monitoring.
While the Nasdaq Composite rose 0.7%, the broad market index saw a 0.6% increase in trading. The most recent increase in the Dow Jones Industrial Average was 0.1%.
The Federal Reserve’s chosen measure of inflation, the personal consumption expenditures price index, increased 2.5% from the previous year and by 0.2% on a monthly basis in July.
The outcome was consistent with projections from economists surveyed by Dow Jones. It also increased by 0.2% from the previous month when food and energy were excluded.
Source (CNBC)
